Cree (CREE) Retreats After CFO Resigns To Take Similar Role At Extreme Networks (EXTR)

Cree Inc. (NASDAQ:CREE) shares retreated sharply after the manufacturer of energy-efficient lighting products announced the resignation of Chief Financial Officer John Kurtzweil, who will take a similar role at Extreme Networks Inc. (NASDAQ:EXTR). Cree stock dropped 13 percent, the most in seven months, to $25.30. Extreme Networks shares added nearly 6 percent. [More...]